UK - Britannic Asset Management is set to launch a European high alpha fund boutique as part of its move to multi-specialist asset management.
The London-based boutique is a joint venture with Barry Norris and Oliver Russ, formerly of Neptune Investment Management.
Under the agreement, Britannic will launch a Europe (ex UK) alpha fund, with a pan European vehicle to follow. The funds will be run by Norris and Russ, who currently manage the Neptune European Opportunities fund.
Gavin Stewart, chief executive at Britannic, said: “This development is part of our move to being a multi-specialist asset management organisation and is one of a number of new propositions that we have developed over the last few months.
“The key to our success is to have a number of strategies that meet the demands of our principal distribution channels and what this particular strategy will give us is the ability to provide high alpha returns for clients in a major asset class.”
The first product released as part of the venture will be a co-branded unit trust within the existing Britannic stable, the firm said.
Jonathan Polin, sales and marketing director, said he expected the product would be welcomed by institutional, discretionary and IFA clients.
The fund will be launched when Norris and Russ’ commitments with Neptune are complete and the fund receives regulatory approval, Britannic said.
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